The document provides market commentary and corporate earnings updates for India and global markets on November 9, 2010. Key points: - Indian markets ended higher with the Sensex up 0.39% and Nifty gaining 0.45%, supported by gains in FMCG, IT, tech and realty stocks. Midcap and smallcap indices also closed higher. - Global markets were mixed with US indices closing lower and Asian markets opening mixed, with Japan's Nikkei up 1.1% while Hong Kong's Hang Seng fell 0.25%. - Earnings updates are provided for companies such as Tata Motors, Divis Labs, and Hindalco Industries among others.

1. COMMENTARY INDIAN MARKET 9-Nov 8-Nov % Change
BSE Sensex 20,932 20,852 0.39
NSE Nifty 6,302 6,273 0.45
BSE Midcap 8,705 8,672 0.38
BSE Smallcap 11,148 11,054 0.85
Nifty Junior 13,555 13,477 0.58
CNX Midcap 9,753 9,698 0.56
GLOBAL MARKETS 9-Nov 8-Nov % Change
Dow Jones Ind (USA) 11,347 11,407 (0.53)
Nasdaq Composite(USA) 2,563 2,580 (0.66)
S&P 500 (USA) 1,213 1,223 (0.80)
FTSE 100 (UK) 5,875 5,848 0.47
DAX (Germany) 6,788 6,750 0.56
9,694 9,733 (0.40)
24,711 24,965 (1.02)
Shanghai Comp (China) 3,135 3,160 (0.78)
KOSPI (South Korea) 1,947 1,942 0.26
STI (Singapore) 3,314 3,300 0.40
MSCI Emerging Market 582 580 0.41
MSCI Frontier Market 437 435 0.39
CORPORATE/ ECONOMY NEWS BOND MARKETS 9-Nov 8-Nov Change
10yr G-Sec Yield 8.02 7.99 0.03
Nikkei 225 (Tokyo)
Hang Seng (Hong Kong)
Volume: 1 | Issue: 394| November 10, 2010
INDIA
The Bombay Stock Exchange benchmark Sensex gained over 80 points during the pre-close session
on Tuesday, on buying in FMCG, IT, teck and realty stocks amid weak Asian cues.The BSE Sensex
gained 80 points to close at 20,932 an the NSE Nifty added 28 points to close at 6,302.The broader
indices ended with gains as well, the BSE Mid-Cap index ended higher by 0.4% and BSE Small-Cap
index added 0.9%.
Market breadth was positive 1707 stocks advanced, 1222 declined while 157 remained unchanged.
GLOBAL MARKETS
US stocks edged lower on Tuesday, even as a gold surged to all-time highs with investors again
pouring money into the safe-haven commodity. The Dow Jones industrial average fell 0.53 per
cent, to 11,347. The Standard & Poor's 500 Index dropped 0.8 per cent, to 1,213. The Nasdaq
Composite Index slipped 0.66 per cent, to 2,563.
Asian markets opened on a mixed note with Japan's Nikkei trading 1.1% higher at 9,807, while
HangSeng is down 0.25% at 24,648.
10yr G-Sec Yield 8.02 7.99 0.03
1yr G-Sec Yield 7.07 7.07 0.00
LIBOR (6m) 0.46 0.45 0.01
LIBOR (1m) 0.25 0.25 0.00
Interbank Call rate 7.0 7.1 (0.04)
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3-Nov 4-Nov 5-Nov 6-Nov 7-Nov
NSE Turnover Rs Cr('000) Nifty
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3-Nov 4-Nov 5-Nov 6-Nov 7-Nov
BSE Turnover Rs Cr('000) Sensex
Disclaimer:This document is compiled by Epitome Global Services Private Limited exclusively for Fullerton Securities & Wealth Advisors Ltd (FSWA) customers. This document is not for public
distribution and has been furnished to you solely for your information and you are notified that you should not further copy, modify, use or distribute the information in any way unless you obtain
written consent from FSWA. While reasonable care to compile the document but the accuracy and completeness cannot be guaranteed either by FSWA or any other person or entity associated
with it. The document is prepared only for your information and is not sufficient for making an investment decision. You should rely on your own investigations and seek professional advice for
investment decision. Neither FSWA nor any person connected with it, accepts any liability either arising from the use of this document or due to any inadvertent error in the information contained
in this document. Financial investments carry risks including principal risk and thereforeyou should seek professional advice prior to making any investment decision. The risk of any losses
occurring by use of this report or document will be entirely yours. The investments covered in this report are not guaranteed. Also past performance of an investment or fund is not an indication of
futureperformance. FSWA, its affiliates, or associates, or any regulatory or other body or entity assumes no liability or responsibility for investment results or losses arising out of investment
decisions made by you. This document is not to be considered as an offer to sell or a solicitation to buy any security or financial product. FSWA reserves the right to modify or alter the terms and
conditions of the use of this service or discontinue, temporarily or permanently, the information and services provided (or any part thereof) at any time, with or without prior notice and FSWA shall
not be liable to you for any suspension, modification, or termination of the information and services provided herein.
India's largest truck and bus maker, Tata Motors announced its second quarter results for fiscal year
2011. The company's Q2 net profit was up 2% at Rs 2,223 crore versus Rs 2,178 crore posted a year
ago.Its net sales were up 36.85% Rs 28,573 crore versus Rs 20,878 crore.
Divis Laboratories announced its second quarter results. The company’s Q2 consolidated net
profit was down at Rs 71.9 crore versus Rs 84.8 crore.Its consolidated net sales were up at Rs 255
crore versus Rs 225 crore.
Brigade Enterprises announced its second quarter results. The company’s Q2 net profit was up at
Rs 20 crore versus Rs 4.5 crore, year-on-year, YoY.Its net sales were up at Rs 113.4 crore versus Rs 76.7
crore, YoY.
Indo Rama Synthetics announced its second quarter results. The company’s Q2 net profit was at Rs
4.2 crore versus loss of Rs 13.3 crore.Its net sales were up at Rs 705 crore versus Rs 597 crore.
The world’s largest coal producer Coal India is learnt to have placed a bid for Colombian assets of
US-based Drummond Co, as the PSU looks to buyout mines overseas as part of its Rs 6,000 crore
global acquisition plan.
Power Grid Corporation of India Ltd (PGCIL) said that it has decided to shutdown its 50:50 joint
venture power transmission consultancy business with IL&FS.
The State PSU Gujarat Mineral Development Corporation (GMDC) has invited Expression of
Interest (EoI) for setting up slew of mineral based projects in Gujarat, including cement plants in
Kutch and Surat.The EoIs floated by the state PSU call for investment of between Rs 2,000 to 4,000
crore.

2. CORPORATE NEWS SECTOR 9-Nov 8-Nov % Change
FMCG 3,793 3,700 2.52
Realty 3,812 3,757 1.48
Teck 3,794 3,752 1.11
IT 6,170 6,105 1.08
Metal 17,762 17,622 0.79
Capital Goods 16,693 16,616 0.46
Power 3,196 3,185 0.34
Consumer Durables 6,914 6,903 0.16
Healthcare 6,756 6,748 0.12
Auto 10,301 10,291 0.10
Bankex 14,899 14,891 0.05
PSU 10,420 10,444 (0.23)
Oil&Gas 11,107 11,142 (0.31)
BSE Upper Circuit Breakers
Company Name 9-Nov 8-Nov % Change
157.7 131.4 20.00
64.5 53.8 20.00
5421.6 4928.8 10.00
0 150.7 137.0 10.00
VAS Infra
Kallam Spining Mills
Victoria Mills
Gandhimathi Appliances
Volume: 1 | Issue: 394| November 10, 2010
IOL Chemicals and Pharmaceuticals (IOLCP) has received the certificate of suitability (CEP) from
European health regulator for its manufacturing facilities for the non-steroidal anti-inflammatory
drug ‘Ibuprofen’.
France-based global conglomerate Saint-Gobain is interested in entering the Indian ductile iron
pipe business and is in talks with Indian players Jai Balaji and Dempo,
Improved asset utilization and a substantial rise in other income helped Apollo Hospitals
Enterprise post a forecast-beating 45.5 per cent jump in second quarter net profit. It reported a
net profit of Rs 495.5 million on net sales of Rs 5.86 billion for July-September.
Wadia group-promoted budget air-carrier GoAir is in the process of raising around $100 million to
fund its aircraft acquisition programme. GoAir is currently in talks with financial institutions and a
deal is expected to be arrived at over the next two to three months.
The Rs 4,000-crore follow-on public offer (FPO) of state-run Hindustan Copper Ltd is likely to hit
the market on December6.
Himatsingka Seide Limited announced , the roadmap for achieving revenues of Rs. 25bn over the
next four years. To this effect, Himatsingka will introduce a new brand in the home furnishings
vertical which will cater to the mid market segment. It plans to open 120 stores across the country
for the new brand. It will also enhance the retail presence of its luxury brand atmosphere from the
present14 stores to 25-30 stores.
Hindalco Industries Ltd has posted a net profit of Rs. 4338.10mn for the quarter ended September
30, 2010 as compared to Rs. 3440.50 mn for the quarter ended September 30, 2009.Total Income 0 150.7 137.0 10.00
83103.6 79146.3 5.00
BSE Lower Circuit Breakers
Company Name 9-Nov 8-Nov % Change
48.1 50.7 (5.00)
69.6 73.2 (5.00)
29.3 30.8 (5.00)
136.4 143.5 (5.00)
28.0 29.5 (5.00)
COMMODITY / CURRENCY NEWS COMMODITY 9-Nov 8-Nov % Change
Crude Oil (USD/bbl) 86.7 86.8 (0.08)
Gold (Rs/10gm) 20,475.0 20,306.0 0.83
Silver (Rs/kg) 42,413.0 40,568.0 4.55
CURRENCY 9-Nov 8-Nov % Change
INR / USD 44.31 44.38 (0.16)
USD / Euro 1.38 1.39 (0.72)
Yen / USD 81.46 81.06 0.49
Hittco Tools
OMDC
Ishita Drugs
Mayur Leather
Gandhimathi Appliances
Mansi Finance
Bedmutha Industries
Light Sweet Crude Oil on Tuesday closed flat at $86.76 per barrel. Gold closed up by 0.83 % at Rs
20,475 and Silver closed up by 4.55 % at Rs. 42,413.
The Indian Rupee closed higher against the dollar at 44.31 as the Indian equity benchmarks ended
on a positive note.
Disclaimer:This document is compiledby Epitome Global Services Private Limited exclusivelyfor FullertonSecurities& WealthAdvisors Ltd (FSWA) customers. This document is not for public distributionand has been
furnishedto you solely for your informationand you are notifiedthat you shouldnot further copy, modify, use or distribute the informationin any way unless you obtain written consent from FSWA. While reasonablecare to
compile the documentbut the accuracy and completenesscannot be guaranteedeitherby FSWA or any other person or entity associatedwith it. The documentis prepared only for your informationand is not sufficient for
makingan investmentdecision.You shouldrely on your own investigationsand seek professionaladvice for investmentdecision.NeitherFSWA nor any person connectedwith it, accepts any liabilityeitherarising from the use
of this document or due to any inadvertenterror in the informationcontainedin this document.Financialinvestmentscarry risks includingprincipal risk and therefore you should seek professionaladvice prior to makingany
investmentdecision.The risk of any losses occurring by use of this report or document will be entirelyyours. The investmentscovered in this report are not guaranteed.Also past performance of an investmentor fund is not an
30, 2010 as compared to Rs. 3440.50 mn for the quarter ended September 30, 2009.Total Income
has increased from Rs. 49722.50 mn for the quarter ended September 30, 2009 to Rs. 59420.40 mn
for the quarter ended September 30, 2010.
PI Industries reported its Q2FY11 results its net profit rose 46.14% to Rs. 18.75 crore on 20.22% rise
in net sales to Rs. 186.78 crore in Q2 September2010 over Q2 September2009.
Geometric Limited , a specialist in PLM, Engineering Services, and Offshore Product Development
solutions and technologies signed an agreement with Dassault Systèmes to integrate DELMIA’s
India Laboratoryinto 3D PLM Software Solutions Ltd (3DPLM), their joint venture company.
Hindustan Dorr-Oliver Ltd has announced that its water business division of Hindustan Dorr-
Oliver Ltd bags Zirconium -Desal Plant order worth Rs. 140mnThe company shall execute this
contract with its own-in-housetechnology, on LSTK basis within a completionperiod of 12 months.
Sundram Fasteners's net profit soared 63.54% to Rs. 30.86 crore on 40.40% rise in net sales to Rs.
464.67 crore in Q2 September 2010 over Q2 September2009.
Nectar Lifescience net profit declined 17% to Rs. 24.15 crore on 15% fall in net sales to Rs. 215.73
crore in Q2 September2010 over Q2 September 2009.
Parabolic Drugs said its net profit surged over twofold to Rs 14.29 crore for the second quarter
ended September 30, 2010, over the same period last fiscal.The company had a net profit of Rs 5.42
crore in the same period previousfiscal,
investmentdecision.The risk of any losses occurring by use of this report or document will be entirelyyours. The investmentscovered in this report are not guaranteed.Also past performance of an investmentor fund is not an
indicationof future performance. FSWA, its affiliates,or associates,or any regulatoryor other body or entityassumes no liabilityor responsibilityfor investmentresultsor losses arisingout of investmentdecisionsmade by you.
This document is not to be consideredas an offer to sell or a solicitationto buy any security or financial product. FSWA reserves the right to modify or alterthe terms and conditionsof the use of this service or
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of the informationand services providedherein.

3. ECONOMY / POLICY NEWS FUTURES PREMIUM/DISC Cash Futures P/D%
India InfoLine 119.4 121.2 1.51
Onmobile 334.7 338.55 1.17
GTL 421.5 426.3 1.14
NHPC 31.4 31.7 1.12
Hindustan Zinc 1267.7 1281.8 1.11
Skumar Nationwide 86.5 87.4 1.10
Powergrid 103.8 100.4 (3.28)
Rolta 175.8 174.1 (0.94)
ABB 863.4 857.6 (0.67)
Auropharma 1328.8 1325.6 (0.24)
Hero Honda 1827.3 1822.9 (0.24)
Canara Bank 836.4 834.6 (0.22)
INSTITUTIONAL ACTIVITY (Rs Cr) 29-Oct 28-Oct YTD
FII Cash Net 5,517 964 114,988
FII Stock Futures (256) (146) (15,749)
FII Index Futures (1,371) (71) (10,521)
Mutual Fund 18 (80) 29,499
VALUATIONS P/E P/B DIV YLD
BSE 24.0 3.9 1.0
NSE 25.6 4.0 1.0
BSE500 Mcap/GDP Ratio 0.69
MOVERS & SHAKERS
Volume: 1 | Issue: 394| November 10, 2010
Tea exports from India increased by 5 per cent during the January-September
period of the current year to 143.5 million kg, from 136.6 million kg in the
correspondingperiod last year.
The role of foreign investors in the Indian capital market is gaining significant
momentum, as foreign stake in Indian companies has shown a sharp upturn in the
quarter ended September 30, which saw net inflows of $12 billion.
The government said it has sought $2.96 billion (over Rs 13,000 crore) assistance
from the World Bank for converting 3,770 km of single lane national highways into
double lanes.
The Insurance Regulatory Authority of India (Irda) will formulate guidelines for
mergers and acquisitions (M&A) for non-life insurance companies, Irda Chairman J
Harinarayansaid .
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Rs %
Hindustan Unilever 318.9 4.3 Himadri Chem 61.65 16.76 Garware Offsh 173.45 27.9
HDFC Bank 2395.25 2.42 Sun Pharma Adv 109.3 13.32 Sandur Mang 765.4 108.35
TCS 1092.4 2.25 Jet Air India 890.25 11 ASSAMCO 27.9 3.65
Sterlite Inds 189.95 2.04 TVS Motor 82.45 9.35 Sarda Energy 319.4 35.75
Bharti Airtel 334.05 1.74 United Brew Hldg 333.65 8.89 Subex 91.05 10.05
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Rs %
SBI 3271.9 -4.4 Patni Computer 474.65 -3.1 Hitachi Home 241.2 -17.8
Maruti Suzuki 1470.65 -1.2 Phoenix Mills 238.95 -2.87 FCS Software 1.82 -0.13
Reliance Infra 1047.35 -1.03 Vardhman Tex 345.5 -2.68 JVL Agro IndUSTRIES 38.85 -2.22
ONGC 1337.25 -0.84 Eicher Motors 1385.15 -2.65 Birla Power 1.5 -0.08
Tata Power 1385.5 -0.44 Jindal South 2024.8 -2.61 Rollatainers 319 -17
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
SEL Manufacturing Company Trans Financial Resources BUY 1.89% 42.2
Delta Corp Limited Crosseas Capital Services BUY 1.30% 122.7
Hindustan Org Chem Ltd Jmp Securities BUY 0.65% 58.1
Subex Limited Suresh Kanmal Jajoo SELL 0.33% 80.5
BS TransComm Limited Crosseas Capital Services Pvt. Ltd. SELL 0.88% 250.0
Confidence Petro Jaroli Vincom BUY 2.33% 24.67
Bilpower Gulshan Investment Company BUY 0.76% 171.0
Asian Tea Asian Capital Market Limited BUY 0.78% 33.2
Ballarpur Inds Neha Khandelwal SELL 0.91% 2.35
Black Rose Inds Halan Finance & Investment SELL 1.22% 13.69
MOVERS & SHAKERS
Name
Name
BSE
BULK DEALS
NSE
Disclaimer: This document is compiled by Epitome Global Services Private Limited exclusively for Fullerton Securities & Wealth Advisors Ltd (FSWA) customers. This document is not for
public distribution and has been furnished to you solely for your information and you are notified that you should not further copy, modify, use or distribute the information in any way
unless you obtain written consent from FSWA. While reasonable care to compile the document but the accuracy and completeness cannot be guaranteed either by FSWA or any other
person or entity associated with it. The document is prepared only for your information and is not sufficient for making an investment decision. You should rely on your own
investigations and seek professional advice for investment decision. Neither FSWA nor any person connected with it, accepts any liability either arising from the use of this document or
due to any inadvertent error in the information contained in this document. Financial investments carry risks including principal risk and therefore you should seek professional advice
prior to making any investment decision. The risk of any losses occurring by use of this report or document will be entirely yours. The investments covered in this report are not
guaranteed. Also past performance of an investment or fund is not an indication of future performance. FSWA, its affiliates, or associates, or any regulatory or other body or entity
assumes no liability or responsibility for investment results or losses arising out of investment decisions made by you. This document is not to be considered as an offer to sell or a
solicitation to buy any security or financial product. FSWA reserves the right to modify or alter the terms and conditions of the use of this service or discontinue, temporarily or
permanently, the information and services provided (or any part thereof) at any time, with or without prior notice and FSWA shall not be liable to you for anypermanently, the information and services provided (or any part thereof) at any time, with or without prior notice and FSWA shall not be liable to you for any
suspension, modification, or termination of the information and services provided herein.